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A Federal Budget with Paradox befitting a Pandemic

7 October 2020
Biljana Apostolova, Partner, Melbourne Peter Poulos, Partner, Melbourne Jeremy Smith, Chairman, Melbourne

Gadens’ view of the Federal Budget 2020/21

The Government’s historic pandemic-era Budget is the most unashamedly pro-business budget in memory which also seeks to buttress employment from the headwinds of recession and technological change.

In a seemingly counterintuitive outcome for a ‘pro-jobs’ strategy, the Budget’s tax depreciation policy change is poised to accelerate the inexorable trend towards digitalisation, automation and AI by underwriting the roll out of new technology and capital expenditure through to June 2022.

In our insight into the Federal Budget, the Gadens Tax Team highlight the key implications of the Budget measures for you and your business.

Read the full article below:

 

Authored by:

Peter Poulos, Partner

This update does not constitute legal advice and should not be relied upon as such. It is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of the content.

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